ProCare Advantage LLC
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2018, 2019, 2020 and 2021. Fair overall results on stability tests (2.9) based on poor risk diversification due to the company's size. Good capitalization index (6.1) based on fair current risk-adjusted capital (severe loss scenario). However, risk-adjusted capital has reached as low as the weak level during recent years.
Other Rating Factors:
Excellent quality investment portfolio (9.9) containing no exposure to mortgages, junk bonds, or unaffiliated stocks. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Principal Lines of Business:
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Licensed in:
TX
Principal Enrollment Breakdown:
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Other Highlights
Medical Loss Ratio
Medical Expense
Per Member Per Month ($)
Provider Compensation ($000)
Capitation Pay
Fee For Service
Contractual Pay
Salary
Bonus
Other
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Member Physicians
Enrollment
Total Patient Encounters
Physician
Non-Physician
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
2537 Golden Bear Drive
Carrollton, TX 75006
Carrollton, TX 75006
Phone Number
(804) 396-6412
NAIC Number
16477
Largest Affiliates
No affiliate information available.